SSgA hires active equities head

Liu Fangsheng is leaving BGI in Tokyo to join rival SSgA as its new head of active equities.

Liu Fangsheng, an active equity portfolio manager at Barclays Global Investors in Tokyo, has left to join arch-rival State Street Global Advisors to lead the firm's active equities team.

He reports now to SSgA's Japan CIO, Hideki Takayama, and will run a five-person team. The move represents a localization of SSgA's Japan equities strategies, which previously have been designed from a team of analysts in Boston.

Liu's brief will cover all active equities strategies, from...

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